But imputed income is not entirely exempt from federal income taxes. Employees may require an imputed income payroll adjustment. Employees can opt for federal income tax withholding on their imputed income or pay the requisite dues when they file their federal income tax return.
Literally, the thirteen stripes on the flag represent the thirteen original colonies. The fifty stars represent the fifty current states. Figuratively, the flag stands for freedom and democracy. It represents the unity of America, our common cause, and the hope for a better tomorrow.
The alternating red and whites stripes represent the 13 British colonies that settled in America, while the stars represent each individual state. But what about the colors â why is the American Flag red, white and blue? Various historians have their thoughts on what the colors of the American Flag stand for. Some would argue that the colors on the American Flag represent philosophical values, with red representing blood, war and courage, blue standing for justice and freedom, and white representing purity.